Evoke Wealth LLC Sells 6,100 Shares of PIMCO California Municipal Income Fund II (NYSE:PCK)

Evoke Wealth LLC reduced its stake in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,740 shares of the closed-end fund’s stock after selling 6,100 shares during the quarter. Evoke Wealth LLC’s holdings in PIMCO California Municipal Income Fund II were worth $435,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in PIMCO California Municipal Income Fund II by 4.2% during the 4th quarter. Advisors Asset Management Inc. now owns 667,468 shares of the closed-end fund’s stock valued at $3,818,000 after buying an additional 26,791 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in PIMCO California Municipal Income Fund II by 13.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 624,074 shares of the closed-end fund’s stock valued at $3,570,000 after buying an additional 75,771 shares in the last quarter. Bank of New York Mellon Corp bought a new position in PIMCO California Municipal Income Fund II during the 4th quarter valued at approximately $736,000. Rockefeller Capital Management L.P. bought a new position in PIMCO California Municipal Income Fund II during the 3rd quarter valued at approximately $547,000. Finally, Noble Wealth Management PBC bought a new position in PIMCO California Municipal Income Fund II during the 4th quarter valued at approximately $337,000.

PIMCO California Municipal Income Fund II Stock Up 0.4 %

PCK stock opened at $5.74 on Thursday. The business has a 50 day moving average of $5.78 and a 200 day moving average of $5.92. PIMCO California Municipal Income Fund II has a twelve month low of $5.50 and a twelve month high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0215 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.26 annualized dividend and a yield of 4.50%.

PIMCO California Municipal Income Fund II Company Profile

PIMCO California Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of United States. It seeks to invest in stocks of companies operating across diversified sectors.